MASERU – Telecom Lesotho has partnered with Pay Lesotho to introduce the Eco Cash Point-of-Sale (PoS) facility in an effort to reduce the handling of hard cash and ease the lives of Basotho, especially those without bank accounts.
The new electronic payment system, which is also a move to reduce the spread of Covid-19 by avoiding exchange of hard cash and a step towards the fourth industrial revolution, is said to be effective, timely less susceptible to fraud. General Manager Econet Services, ’Matikoe Letsie, said this at the launch, adding digital payment will help Basotho to pay for services everywhere in the country where there is Econet merchandise.
She further noted that the service will also ease work for Econet employees when it comes to reconciliation of their books at the end of each business day as it gives them a hard copy receipt while the customers will get a digital copy. “This method of payment will also reduce cash related fraud as shops will gradually reduce handling of hard cash. It is also quick and saves time for customers and workers alike,” she said.
She said the service is already available at KFC, Stadium Food Court, The Market, Barcelos, Sefalana and Office International, among others. She also revealed that filling stations, liquor stores, hotels and BnBs will soon use the electronic payment. ’Matlhonolofatso Setlaba from KFC applauded Econet Lesotho for the digital service, noting that it compliments their services that work with time and speed.
Not only does the electronic payment system save time but it is also effective especially to their delivery service. She encourages Basotho to use the service not just for competence but also as a way to curb the spread of Covid-19 by reducing handling of cash. She said as KFC they are already sensitising Basotho on the importance of using electronic payment.
Chief Executive Officer at Pay Lesotho, Lerato Masopha, emphasised the efficiency and safety of the digital payment, noting the service is designed in a way that restricts or reduces any kind of money related fraud.